Sam Bankman-Fried, the infamous founder of the FTX exchange, broke his two-year silence by posting on the X social network, causing a 30% surge in the native token of the exchange (FTT). In the post, he jokingly mentioned not checking his emails for hundreds of days and compared it to government employees facing dismissal. Bankman-Fried wrote that firing people is one of the toughest jobs in the world and often reflects management failure. Despite the indirect connection of this post to FTX or its bankruptcy process, the FTT price quickly rose from $1.63 to $2.03, but this growth was short-lived. This was Bankman-Fried’s first public statement since January 2023. Rumors about his parents’ efforts to obtain a presidential pardon have also surfaced. Bankman-Fried was sentenced to 25 years in prison in March 2024 and is currently serving his sentence.
